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4.4

MTrading Review 2024: Is MTrading a Legit Broker?

(6 customer reviews)
4.4/10 (Expert Score)
Product is rated as #42
Trust
3
Fees
5
Platforms and Tools
5.5
Customer Support
4
Tradeable Instruments
5
Account Types and Terms
4
Deposit and Withdrawals
3.5
Research and Education
5

MTrading Overviews


In this review, we will explore Mtrading, a leading broker in the financial industry. We will examine their trading platforms, account types, available assets, trading conditions, customer support, and regulatory compliance. By providing an overview of these factors, we aim to help you determine if Mtrading is the right broker for your trading needs. Let's dive into our analysis of Mtrading and discover the opportunities they offer.

MTrading Review 2024: Is MTrading a Legit Broker?

MTrading is a brokerage firm that operates in the financial markets, offering a range of trading services to clients worldwide. With a presence in the industry for over 10 years, MTrading aims to provide access to various financial instruments, including forex pairs, commodities, stocks, cryptocurrencies, and indices. However, it is important to note that MTrading does not hold a high standard in the trading community.

This review will assess the broker’s offerings, features, and reputation to determine if MTrading is the right choice for prospective traders. By examining key aspects such as regulations, trading conditions, customer support, and user feedback, we aim to provide an unbiased evaluation of MTrading’s suitability as a brokerage option.

Broker Feature Overview
Type of Broker Forex
Regulation & Licensing ·         Finvest Solutions Limited, under the registration number 55504
Applicable Countries Allowed To Trade See list below
Assets Offered Forex, stocks, commodities, indices, metals, energies
Platforms Available MT4
Mobile Compatibility Yes
Payment & Withdrawal Options

 

Skrill, Neteller, Visa

Facts About MTrading
  • Registered in: Saint Kitts and Nevis
  • Regulated by: No effective regulation at this time
  • Year(s) of establishment: 10 years
  • Trading instruments: Forex pairs, commodities, stocks, cryptocurrencies, indices
  • Minimum Initial Deposit: $10
  • Maximum Leverage: 1:1000
  • Minimum spread: 0.0 pips onwards
  • Trading platform: MT4 and its own mobile application
  • Deposit and withdrawal method: Electronic payment systems, bank cards, and wire transfer options
  • Customer Service: Email, phone number, address, live chat
  • Fraud Complaints Exposure: Yes
  • Negative balance protection: Yes

Pros and Cons


PROS
  • Strong focus on fund security and negative balance protection
  • Wide range of tradable assets available
  • Special promotions and incentives for traders
  • Global presence with multiple offices
  • Positive reviews on platforms like Trustpilot
CONS
  • Limited customer support channels beyond live chat and FAQ section
  • Lack of detailed information on withdrawal methods and fees

Is MTrading Safe? Broker Regulations


In the world of online Trading, choosing a reliable broker is crucial for ensuring the safety and security of your investments. One of the key aspects to consider when evaluating a brokerage firm is its regulatory policy. In this section, we will delve into MTrading, examining their regulation policy and shedding light on the significance of brokers being transparent about their regulatory affiliations.

MTrading is an online brokerage firm that offers trading services in various financial instruments, including foreign exchange and contracts for differences (CFDs). Finvest Solutions Limited owns and operates the company, registered under the registration number 55504, and located at Unit 5, Long Stone House, PO box 1200, Main Street, Charlestown, Nevis. Like many other brokers, you can find this information in the footer section of their website; however, this is the only information they give. MTrading emphasizes the importance of understanding the risks involved in Trading and provides a risk warning to prospective investors.

Rules and Regulations

When evaluating a broker, it is essential to understand the regulatory framework under which they operate. Regulation plays a vital role in ensuring the financial markets’ fairness, security, and integrity. Brokers that are regulated are subject to stringent guidelines and supervision, which help protect the interests of traders and promote a level playing field.

While MTrading provides valuable information regarding risk disclosure, terms and conditions, and regional restrictions on their website, the absence of detailed information about their regulators raises a red flag. Typically, brokers should prominently display their regulatory affiliations, providing transparency to their clients. The fact that MTrading does not have a dedicated page or clear disclosure about their regulators may raise concerns among potential traders.

Why Should Brokers Disclose Regulatory Information?

Investor Protection: Regulatory bodies exist to protect the interests of investors. When brokers disclose their regulatory affiliations, it assures traders that the broker operates under a well-established framework, offering a certain level of protection against fraudulent activities and malpractices.

Accountability and Trust: Regulatory oversight ensures that brokers adhere to ethical standards and comply with financial regulations. By displaying their regulatory information, brokers demonstrate their commitment to accountability and build trust with their clients.

Dispute Resolution: Regulatory bodies often offer mechanisms for resolving disputes between brokers and clients. Knowing the regulatory authority overseeing a broker provides a clear path for seeking assistance in case of any conflicts or issues that may arise during the trading process.

In conclusion, MTrading is an online brokerage firm operated by Finvest Solutions Limited. While the company provides essential risk warnings and information on their website, the absence of detailed regulatory information raises concerns. Transparent disclosure of regulatory affiliations is crucial for potential traders to evaluate the reliability and security of a broker.

When selecting a brokerage firm, choosing those that exhibit transparency by prominently displaying their regulatory information, ensuring the protection of investors and fostering trust within the trading community is recommended. Lastly it should be noted that this broker has no awards or a Trustpilot score to speak of.

  • Finvest Solutions Limited, under the registration number 55504

What Can I Trade with MTrading?


When choosing a brokerage firm, it is essential to consider the range of tradable assets they offer. MTrading does not provide a detailed overview of the assets they offer and only provides a brief outline when searching its entire site.

MTrading Navigation

While the website lacks a dedicated section to view the available assets, we will present a consolidated list of the asset classes and instruments offered by MTrading. In a later section, we will further explore and compare these assets across the different account types.

Although a dedicated section detailing the tradable assets is not available on MTrading’s website, the broker offers a diverse selection of assets across multiple account types. Here is a consolidated list of the asset classes and instruments available;

MTrading's website showcasing plans

Currencies

  • Cent Account: 27 currency pairs
  • Premium Account: 38 currency pairs
  • Pro Account: 38 currency pairs

Spot Metal CFDs

  • Cent Account: 2 spot metal CFDs
  • Premium Account: 4 spot metal CFDs
  • Pro Account: 4 spot metal CFDs

Spot Energy CFDs

  • Premium Account: 3 spot energy CFDs
  • Pro Account: 3 spot energy CFDs

Cash Indices

  • Cent Account: 2 cash indices
  • Premium Account: 10 cash indices
  • Pro Account: 10 cash indices

Stock CFDs

  • Premium Account: 67 stock CFDs

Crypto

  • Cent Account: 1 cryptocurrency
  • Premium Account: 12 cryptocurrencies
  • Pro Account: 12 cryptocurrencies

In the subsequent section, we will conduct a comparative analysis of the different account types offered by MTrading, exploring the advantages and features of each account, including their associated tradable assets. This will provide a comprehensive understanding of how MTrading caters to traders’ diverse needs and preferences.

MTrading offers a diverse range of tradable assets across various account types. While the website may lack a dedicated section explicitly showcasing these assets, our consolidated list provides a comprehensive overview of the asset classes and instruments available. In fact, for any reference, you will need to head to their contract specifications page to get a glimpse of some of the instruments that are available to trade.

The upcoming section will delve deeper into the account types and compare their features, including the tradable assets associated with each account. Stay tuned for a comprehensive analysis of MTrading’s offerings, assisting traders in making informed decisions and maximizing their trading potential.

  • Currencies
  • Spot metals
  • Cash indices
  • Crypto
  • Stock CFDs
  • Spot energy

How to Trade with MTrading?


Selecting a reliable broker involves considering various factors, with the trading platforms being a key component. Here we will provide a detailed analysis of MTrading’s trading platforms: MetaTrader 4 (MT4), MT4 Supreme, WebTrader, and MT4 MultiTerminal. It is important to note that MTrading’s website offers limited information about these platforms. However, we have compiled comprehensive details to provide you with an in-depth understanding of their features and functionalities, which can be found under their “for traders” and “trading platforms” sections.

M Trading shows For Traders section in banner section

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) stands out as one of the most widely-used trading platforms globally. Developed by MetaQuotes in 2005, MT4 continues to be the preferred choice for millions of traders. This platform encompasses a rich set of features and tools suitable for both beginners and experienced traders.

MT4’s flexibility allows for algorithmic Trading and the use of automated trading systems such as Expert Advisors (EAs). It offers an extensive range of trading instruments, including forex, CFDs, cryptocurrencies, indices, and commodities.

Traders can access MT4 from desktops, laptops, and mobile devices, enabling them to stay connected and manage their trades on the go. The platform’s advanced charting capabilities, multiple timeframes, and extensive library of technical analysis indicators facilitate comprehensive market analysis. MT4 also provides built-in trading signals, aiding traders in making informed decisions. MT4 ensures a smooth trading experience by eliminating requotes and strategy restrictions.

MetaTrader 4 (MT4) used globally

MT4 Supreme

MT4 Supreme is a powerful plugin developed by MTrading to enhance the functionality of the basic MT4 platform. This plugin integrates additional features and tools, providing traders with an improved trading experience. Noteworthy features include the Mini Terminal, which enables fast and efficient trade management, allowing traders to quickly open and manage positions. The Trade Terminal combines the functionalities of the Mini Terminal with additional tools, facilitating comprehensive trade management. Traders can utilize the Tick Chart Trader feature to closely monitor price movements and identify optimal entry points. The News Feed feature provides real-time trading analysis, ensuring traders stay updated with market events. Advanced indication tools, trading signals, and in-depth charts are also available, enhancing the analysis of trading activities.

Another valuable feature is the Mini Chart, allowing traders to view small charts within their main chart, displaying multiple timeframes and chart types. MT4 Supreme optimizes the basic MT4 platform, offering traders a more advanced and efficient trading experience.

MT 4 Supreme Edition advantages

MetaTrader 4 WebTrader

MetaTrader 4 WebTrader is an online platform that enables traders to access MT4 directly from their web browsers, eliminating the need for installation. This platform offers a user-friendly interface resembling the desktop version of MT4. Traders can conveniently monitor their trading history, open and close positions, and manage trades directly through the web browser.

The platform supports the placement of Stop Loss and Take Profit orders, facilitating effective risk management. MT4 WebTrader is particularly useful for traders who prefer browser-based Trading or are unable to install the desktop version of MT4. With instant access from any device with an internet connection, this platform provides flexibility and convenience to traders.

MT4 MultiTerminal

MT4 MultiTerminal caters to traders who manage multiple trading accounts simultaneously. This platform simplifies Trading across multiple accounts by providing a single interface for monitoring and managing all accounts. Traders can execute deals simultaneously on several accounts with just one click, streamlining the trading process. The ability to open trading positions of the same volumes on different accounts with customizable conditions offers further flexibility. MT4 MultiTerminal supports various order types, allowing traders to implement their preferred strategies.

The platform’s interface closely resembles that of MT4, ensuring familiarity for users. With the capacity to manage up to 128 live accounts simultaneously, MT4 MultiTerminal is an efficient tool for multi-account traders.

MTrading offers a range of trading platforms to cater to different trading preferences and requirements. MetaTrader 4 (MT4) serves as the foundational platform, providing a comprehensive set of features and tools. MT4 Supreme enhances the capabilities of MT4 with additional functionalities, while MetaTrader 4 WebTrader offers browser-based access for convenient Trading. MT4 MultiTerminal simplifies the management of multiple trading accounts. By leveraging these platforms, traders can access a wide range of financial instruments, employ advanced analysis tools, and execute their trading strategies effectively.

Features MT4 MT4 Supreme MT4 WebTrader MT4 MultiTerminal
One-Click Trading Yes Yes No Yes
Trade Straight off Charts Yes Yes No Yes
Email Alerts or Push Notifications Yes Yes No No
Mobile Alerts Yes Yes No No
Stop Order Yes Yes Yes Yes
Market Order Yes Yes Yes Yes
Trailing Stop Order Yes Yes Yes Yes
OCO Orders Yes Yes No Yes
Limit Order Yes Yes Yes Yes
24hr Trading Yes Yes Yes Yes
Charting Package Yes Yes Yes Yes
Streaming News Feed Yes Yes Yes No

Please note that the above table provides a simplified comparison of the features available in each trading platform. The information presented is based on general features commonly associated with these platforms. It is important to refer to the official documentation and guidelines provided by MTrading to obtain the most accurate and up-to-date information regarding the features and functionalities of their trading platforms.

  • MT4 (Supreme, Web, MultiTerminal)

How Can I Open MTrading Account? A Simple Tutorial


To open up a live trading account with this broker, you will first need to head to their website and then click on the “open account” button which is located in the menu.

MTrading Navigation open Account

The next step will be for you to provide your email address. Take note that most other brokers make you go through multiple steps, but this one seems easy enough.

MTrading Open Account page

Following that, you will need to insert your first and last name, including your phone number. Then simply click on “open account.”.

open account form

Note that this broker does not support our region, so we cannot open an account, as seen in the image below. For those of you who can open an account with a valid phone number, you will need to follow the prompts and be taken through the registration process.

Adding Phone Number

  • To open a live trading account with this broker, visit their website and click on the "open account" button in the menu.
  • Provide your email address as the first step of the registration process.
  • Enter your first and last name, along with your phone number.
  • Click on "open account" to proceed with the registration.
  • Note that the broker may not support certain regions, as indicated in the image provided.
  • For those eligible to open an account, follow the prompts and complete the registration process as guided.

MTrading Charts and Analysis


When it comes to choosing a broker, the availability of comprehensive trading resources and educational material is essential. Let’s look into MTrading’s offerings in terms of trading resources and educational content. Users can find these valuable resources under the “Analysis and Education” section of the main menu on MTrading’s website. While the broker provides resources such as articles, news, and technical analysis, it is important to note that other top-tier brokers often offer a wider range of educational material. Nonetheless, let’s explore these resources in detail and understand their significance for both brokers and traders.

Mtrading Education Section in banner

Trading Resources and Educational Material Offered by MTrading:

Articles

MTrading provides a collection of informative articles covering various topics related to forex trading, trading strategies, technical analysis, and more. These articles serve as educational tools to help traders enhance their knowledge and skills.

The articles cover a wide range of subjects, including the basics of forex trading, benefits of Trading, different trading techniques, and guidelines for making deposits and withdrawals. By providing these articles, MTrading aims to empower traders with valuable insights and practical tips to make informed trading decisions.

News

MTrading offers a news section that keeps traders informed about the latest market developments and events. The news articles cover a range of financial news, including updates on major currency pairs, economic indicators, central bank decisions, geopolitical events, and more.

Staying updated with relevant news helps traders understand the potential impact of current events on the financial markets. MTrading’s news section allows traders to access real-time information that can be crucial for making well-informed trading decisions.

Technical Analysis

MTrading provides technical analysis reports that analyze price patterns, trends, and indicators to assist traders in making trading decisions. These reports often include chart analysis, key support and resistance levels, and potential trading opportunities.

Technical analysis is vital for traders as it helps them identify market trends, anticipate price movements, and determine optimal entry and exit points. MTrading’s technical analysis reports offer valuable insights and analysis that traders can incorporate into their trading strategies.

The Significance of Trading Resources and Educational Material: Trading resources and educational material play a crucial role for both brokers and their clients. Here’s why they are significant:

  • Knowledge Enhancement: Educational material helps traders enhance their understanding of the financial markets, trading concepts, and strategies. It equips them with the necessary knowledge to make informed decisions, manage risks, and improve their overall trading skills.
  • Skill Development: Trading resources provide traders with practical tips, techniques, and insights to develop their trading skills. They offer guidance on analyzing market trends, interpreting indicators, and implementing effective trading strategies.
  • Market Awareness: News updates and analysis keep traders informed about current market events, economic indicators, and geopolitical developments. This knowledge enables traders to anticipate market movements and adjust their trading strategies accordingly.
  • Decision-Making Support: Trading resources, such as technical analysis reports, provide traders with valuable insights and analysis, helping them make well-informed trading decisions. This guidance can enhance the accuracy and effectiveness of traders’ strategies.
  • Continuous Learning: The financial markets are dynamic and constantly evolving. Trading resources allow traders to stay updated with new trends, strategies, and market developments, facilitating continuous learning and improvement.

MTrading offers a range of trading resources and educational material, including articles, news, and technical analysis reports. While their offerings may be more limited compared to some top-tier brokers, these resources still provide valuable insights and knowledge to traders.

  • Articles
  • News
  • Technical Analysis

MTrading Account Types


When it comes to choosing a trading account, MTrading offers three distinct options: M.Cent, M.Premium, and M.Pro. Each account type caters to different trading preferences, including minimum deposit, available trading instruments, leverage, spreads, and additional features. By understanding the unique features of each account, traders can make an informed decision based on their individual trading goals and preferences.

MTrading offers three distinct options

M.Cent Account

The M.Cent account is designed for traders who prefer to start with a smaller investment. With a minimum deposit of just $10, this account type offers micro lot trading. Traders have access to 27 currency pairs, 2 spot metal CFDs, 2 cash indices, and 1 cryptocurrency. The account offers fixed leverage up to 1000 and a competitive spread starting from 1 pip. Traders can enjoy market execution with no requotes and the flexibility to hedge their positions. The M.Cent account operates on the popular MetaTrader 4 platform, providing access to mobile trading, expert advisors, and additional features such as the MetaTrader 4 Supreme Edition add-on and one-click Trading.

M.Premium Account

For traders seeking a broader range of trading instruments, the M.Premium account is an excellent choice. With a minimum deposit of $100, traders gain access to a diverse portfolio of 38 currency pairs, 4 spot metal CFDs, 3 spot energy CFDs, 10 cash indices, 67 stock CFDs, and 12 cryptocurrencies. The M.Premium account offers floating leverage up to 1000 and spreads starting from 1 pip. Similar to the M.Cent account, traders can benefit from market execution, no requotes, and the ability to hedge positions. With MetaTrader 4 as the trading platform, traders can enjoy mobile Trading, Automated Trading with expert advisors, and the MetaTrader 4 Supreme Edition add-on for enhanced features such as one-click Trading.

M.Pro Account

Designed for traders seeking enhanced trading conditions, the M.Pro account provides the advantage of zero spreads. With a minimum deposit of $500, traders gain access to 38 currency pairs, 4 spot metal CFDs, 3 spot energy CFDs, 10 cash indices, and 12 cryptocurrencies. The M.Pro account offers floating leverage up to 1000 and spreads starting from 0 pips. Traders benefit from market execution; no requotes, and the ability to hedge positions. However, unlike the other account types, the M.Pro account charges a commission of $4 per 1.0 lot trading. Traders can enjoy the same features as the other accounts, including mobile Trading, expert advisors, and the MetaTrader 4 Supreme Edition add-on for advanced trading capabilities.

Comparison list

  • Minimum Deposit: M.Cent ($10), M.Premium ($100), M.Pro ($500)
  • Trading Instruments: M.Cent (27 currency pairs, 2 spot metal CFDs, 2 cash indices, 1 cryptocurrency), M.Premium (38 currency pairs, 4 spot metal CFDs, 3 spot energy CFDs, 10 cash indices, 67 stock CFDs, 12 cryptocurrencies), M.Pro (38 currency pairs, 4 spot metal CFDs, 3 spot energy CFDs, 10 cash indices, 12 cryptocurrencies)
  • Leverage: M.Cent (Fixed, up to 1000), M.Premium (Floating, up to 1000), M.Pro (Floating, up to 1000)
  • Spreads: M.Cent (From 1 pip), M.Premium (From 1 pip), M.Pro (From 0 pips)
  • Commission: M.Cent (No), M.Premium (No), M.Pro ($4 per 1.0 lots)
  • Execution Type: Market Execution (All Accounts)
  • Requotes: No (All Accounts)
  • Minimum Order Size: 0.01 lots (All Accounts)
  • Maximum Order Size: M.Cent (1 lot), M.Premium (100 lots), M.Pro (200 lots)
  • Additional Features: MetaTrader 4 Supreme Edition add-on, One-Click Trading (All Accounts)

MTrading offers a range of trading account types tailored to meet the diverse needs of traders. The M.Cent account is ideal for beginners or those with a limited budget, offering micro lot trading and a low minimum deposit. The M.Premium account expands the trading instrument range, making it suitable for traders seeking a wider selection of assets. The M.Pro account, with its zero spreads, caters to more advanced traders who prioritize tight trading conditions. By understanding each account type’s unique features and offerings, traders can select the one that aligns best with their trading goals and strategies.

Features M.Cent Account M.Premium Account M.Pro Account
Account Currencies USD USD USD
Available Leverage Up to 1000 Up to 1000 Up to 1000
Minimum Deposit $10 $100 $500
Commission Per Trade No No $4 per 1.0 lot
Decimal Pricing 5 decimals 5 decimals 5 decimals
Trading Instruments Currencies (27) Currencies (38) Currencies (38), Spot metal CFDs (4), Spot energy CFDs (3), Cash indices (10), Crypto (12)
Min. Lot Size Per Trade 0.01 lots 0.01 lots 0.01 lots
Max. Lot Size Per Trade 1 lot 100 lots 200 lots
Spreads From 1 pip From 1 pip From 0 pips
Demo Account Yes Yes Yes
Swap/Rollover Free Yes Yes Yes
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Copy Trading Support No No No
Available to U.S. Residents No No No

Note: The table above provides a comparison of the features available for each account type based on the information provided in our conversation. Please note that the availability of certain features may

  • M.Cent
  • M.Premium
  • M.Pro

Do I Have Negative Balance Protection with This Broker?


When it comes to choosing a reliable broker, ensuring the safety of funds and protecting traders’ interests is of paramount importance. MTrading, a well-established broker with a solid reputation, strongly emphasizes the security and protection of its client’s investments. Traders can find detailed information about this policy under the “About Us” section of MTrading’s website.

MTrading Guranteed Security

MTrading is committed to providing its clients with a transparent and secure trading environment. Their negative balance protection policy is a critical component of this commitment. The policy ensures that traders cannot lose more than their account balance, even in volatile market conditions or instances of significant price gaps.

In practical terms, negative balance protection means that if a trader’s account experiences a substantial loss exceeding their available funds, MTrading will absorb the negative balance. This prevents traders from being held liable for a debt owed to the broker and safeguards them from financial hardship.

Importance of Negative Balance Protection: The negative balance protection policy offered by MTrading is a crucial safeguard for traders. Here’s why:

  • Mitigates Extreme Losses: The financial markets can experience sudden and extreme price movements, such as during significant news events or economic crises. In such scenarios, traders without negative balance protection could face losses that exceed their initial investment, potentially leading to substantial debt. MTrading’s policy acts as a safety net, limiting traders’ losses to their account balance.
  • Protects Trader’s Capital: Negative balance protection prevents traders from being held accountable for losses beyond their control. It ensures that the trader’s capital remains intact, providing peace of mind and reducing the risk of financial distress.
  • Upholds Trust and Transparency: MTrading demonstrates its commitment to fair and ethical trading practices by offering negative balance protection. This policy builds trust between the broker and its clients, as traders can be confident that their funds are safeguarded in the event of extreme market volatility.
  • Promotes Responsible Trading: Negative balance protection encourages responsible trading behavior. Traders can focus on their strategies and risk management without the fear of catastrophic losses. This fosters a healthier trading mindset and allows traders to make informed decisions without undue emotional stress.

MTrading’s negative balance protection policy is a testament to its commitment to client safety and satisfaction. By implementing this policy, MTrading ensures that traders are protected from excessive losses and potential debt. The policy’s importance lies in mitigating extreme market risks, upholding trust and transparency, protecting traders’ capital, and promoting responsible trading practices. Traders can trade confidently, knowing that MTrading prioritizes their financial well-being and complies with international legislation and regulatory standards.

  • Yes on all accounts

MTrading Deposits and Withdrawals


When it comes to choosing a broker, the availability of convenient and secure deposit and withdrawal methods is crucial. MTrading, a reputable broker, aims to provide a seamless experience for clients when it comes to funding their trading accounts. Let’s explore MTrading’s deposit and withdrawal methods, which can be found under their website’s “Payment Systems” menu. However, it is important to note that the information available is limited, as only deposit options are specified, including Neteller, Visa, and Skrill. We will discuss the significance of having comprehensive information on available options and the need for transparency regarding fees and transaction details.

Different ways to Deposit

Deposit Methods

MTrading offers clients the convenience of instant deposits through various payment systems. The specified deposit options include Neteller, Visa, and Skrill. These payment methods are widely recognized and provide secure and reliable transactions for clients.

The absence of any specified fees or transaction details may raise concerns, as clients might expect transparency in terms of any potential charges or limitations associated with their deposits. While the lack of information on withdrawal methods is also a limitation, it is important to note that brokers typically offer multiple withdrawal options, including bank transfers, e-wallets, and credit/debit card withdrawals.

Importance of Comprehensive Information

  • Client Convenience: Providing comprehensive information about available deposit and withdrawal methods allows clients to choose the option that best suits their preferences and needs. It ensures flexibility and convenience in managing their funds.
  • Transparency: Transparent disclosure of fees, transaction processing times, and any limitations associated with deposit and withdrawal methods builds trust and credibility. Clients can make informed decisions and clearly understand the potential costs involved in their financial transactions.
  • Compliance with Regulations: Brokers must comply with financial regulations and provide transparent information on payment systems to ensure a fair and regulated trading environment. Clear and comprehensive information helps brokers meet regulatory requirements and demonstrate their commitment to ethical business practices.
  • Customer Support: By providing detailed information on deposit and withdrawal methods, brokers can address clients’ inquiries more effectively. Comprehensive information allows customer support teams to provide accurate and timely assistance, enhancing the overall client experience.

While MTrading offers instant deposits through popular payment methods such as Neteller, Visa, and Skrill, the lack of detailed information on fees, transaction data, and withdrawal methods can be seen as a limitation. Brokers should strive to provide comprehensive and transparent information on all available payment options, associated fees, and transaction details. This transparency ensures client convenience, regulatory compliance, trust-building, and efficient customer support. Traders should carefully consider their preferred payment methods and seek clarification from the broker regarding any additional charges or limitations to make informed decisions about funding their trading accounts.

  • Skrill
  • Neteller
  • Visa

Support Service for Customer


A robust customer support system is vital for traders, providing them with assistance, guidance, and prompt resolution of their queries or concerns. This section will examine MTrading’s customer support channels and their significance in the trading industry. While MTrading offers limited customer support options, namely a live chat “bot” feature and a FAQ section, we will discuss the importance of a comprehensive customer support service and the potential implications of its limitations.

Customer Support Channels

Live Chat “Bot” Feature: MTrading provides a live chat feature where traders can engage with an automated bot to seek assistance or information. While this feature offers immediate interaction, it may lack the personalized touch and expertise of a human customer support representative.

FAQ Section: MTrading’s website includes a FAQ section where traders can find answers to commonly asked questions across various categories. While this self-help resource is useful for quick reference, it may not address specific or unique queries that traders may have.

Lastly they do have a ticket support channel which is not easily accessible so most users won’t even know where to find it.

MTrading FAQ's

Importance of Effective Customer Support in Trading

  • Timely Assistance: Trading involves real-time decision-making, market volatility, and complex financial concepts. A reliable customer support service ensures that traders can access assistance promptly, reducing potential disruptions to their trading activities and enabling them to make informed decisions.
  • Guidance and Education: Customer support representatives can offer guidance on platform functionality, account management, and trading strategies. Their expertise and guidance can help traders navigate the complexities of the financial markets, especially for novice traders who require additional support.
  • Issue Resolution: Technical glitches, account-related concerns, or transactional issues can arise during trading. An efficient customer support team can swiftly address and resolve these problems, minimizing the impact on traders’ experiences and providing them with peace of mind.
  • Trust and Confidence: A responsive and knowledgeable customer support system builds trust and confidence among traders. It reassures them that their concerns will be heard and resolved, fostering a long-term relationship between the trader and the broker.
  • Limitations and Implications: MTrading’s customer support channels, limited to a live chat “bot” feature and an FAQ section, indicate a lack of direct human interaction and personalized support. While the automated bot can provide immediate responses, it may not cater to complex or unique queries. Additionally, the FAQ section may not cover all possible scenarios or provide real-time assistance.

This limitation in customer support may leave traders feeling unsupported or frustrated, especially in urgent situations or when they require in-depth guidance.

It is essential for brokers to invest in comprehensive customer support channels, including live chat with human representatives, email support, and phone assistance, to effectively meet their traders’ diverse needs.

A strong customer support system is crucial for traders, offering timely assistance, guidance, and issue resolution. While MTrading provides a live chat “bot” feature and an FAQ section, these limited options may not adequately fulfill traders’ needs for personalized support. Brokers should strive to offer comprehensive customer support channels staffed by knowledgeable professionals to enhance the trading experience, build trust, and ensure traders receive the necessary assistance for successful trading journeys.

MTrading Customer Support Overview
Supported Languages Unknown, English
Customer Service By Mtrading
Customer Service Hours Unknown
Email Response Time Unknown
Telephonic Support No
Personal Account Manager No

  • Supported Languages: English
  • Customer Service Channels: FAQ, Live Chat
  • Customer Service Hours: Unkown

Prohibited Countries: Where Can I Not Trade with this Broker?


MTrading is a reputable broker committed to adhering to legal and regulatory requirements to ensure a secure and compliant trading environment. While MTrading serves clients from various regions worldwide, it is important to highlight that there are certain jurisdictions where the broker is not permitted to operate. This section will discuss the restrictions imposed on MTrading, the reasons behind these limitations, and the significance of compliance with laws, regulations, and sanctions.

Geographical Restrictions: MTrading, like many other brokers, operates within a legal framework that governs their business activities. The broker’s website specifies that it does not provide services to residents of certain jurisdictions. Although the exact list of restricted countries may vary over time, some common examples include:

  • Japan: MTrading is unable to offer its services to residents of Japan due to specific regulatory requirements imposed by the Financial Services Agency (FSA) in Japan.
  • United States of America: MTrading is prohibited from providing services to residents of the United States due to regulatory restrictions imposed by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
  • Canada: Similar to the United States, MTrading is unable to operate in Canada due to regulatory restrictions set forth by the Investment Industry Regulatory Organization of Canada (IIROC) and other Canadian regulatory bodies.
  • Germany: MTrading is restricted from offering its services in Germany due to regulations imposed by the Federal Financial Supervisory Authority (BaFin) and other relevant authorities.

Reasons for Geographical Restrictions

  • Regulatory Compliance: Each country has its own set of financial regulations and licensing requirements to protect investors and ensure fair trading practices. Brokers like MTrading must comply with these regulations to operate legally and maintain the integrity of the financial markets.
  • Licensing and Registration: Brokers typically need specific licenses or registrations to offer services in different jurisdictions. Failure to meet these requirements may result in restrictions or penalties.
  • Sanctions and Embargoes: International sanctions and embargoes imposed by governments or international organizations may restrict certain businesses from operating in specific countries or with residents of those countries. Brokers must adhere to these sanctions to avoid legal and financial consequences.
  • Compliance and Importance of Regulations: MTrading’s adherence to geographical restrictions and compliance with laws, regulations, and sanctions demonstrate their commitment to operating within the legal boundaries of each jurisdiction. Compliance is crucial for several reasons:
  • Investor Protection: Regulatory frameworks aim to protect investors from fraudulent practices, ensuring that brokers operate with integrity and transparency. Compliance promotes fair trading practices and safeguards the interests of traders.
  • Market Stability: Compliance with regulations helps maintain the stability and integrity of the financial markets. It ensures that brokers follow standardized procedures and adhere to ethical practices, reducing the risk of market manipulation and unfair trading conditions.
  • Legal Consequences: Non-compliance with regulations can lead to severe legal and financial repercussions, including fines, sanctions, and reputational damage. Compliance is necessary to avoid these consequences and maintain a reputable position in the industry.

MTrading operates within the boundaries set by regulatory bodies and complies with laws, regulations, and sanctions in the jurisdictions where it offers its services. Geographical restrictions reflect the need for brokers to abide by specific legal requirements, ensuring investor protection, market stability, and compliance with international standards. By adhering to these restrictions, MTrading demonstrates its commitment to operating responsibly and competently, promoting trust and transparency in the financial industry.

  • Japan
  • Germany
  • USA
  • Canada

Special Offers for Customers


MTrading, a renowned broker, understands the importance of offering special promotions and incentives to traders. These initiatives serve as valuable tools to attract new clients, enhance customer loyalty, and provide additional earning opportunities. In this article, we will outline and discuss the various special promotions and offers provided by MTrading, including partnerships, deposit rewards, copy trading, deposit bonus, and the Ramadan contest. We will also explore the significance of such promotions in the brokerage industry.

importance of offering special promotions and incentives to traders

Partnerships

MTrading offers a comprehensive partnership program that allows Introducing Brokers (IBs) to earn up to 60% revenue share by bringing in new active clients. The program offers numerous benefits, including dynamic and transparent models, automated weekly payouts, marketing support, and customizable rebates. As IBs attract more clients, they can move up the partner ladder and enjoy higher revenue shares, fostering growth and financial success.

Deposit Rewards

MTrading’s deposit rewards program incentivizes traders by providing an extra reward of up to 10% of the net deposit made within a calendar month. This transparent program encourages traders to deposit more funds, allowing them to increase their trading capital and potentially enhance their profitability. The deposit rewards are instantly available for trading, providing traders with immediate benefits.

Copy Trading

MTrading’s Copy Trading feature allows traders to benefit from the expertise of successful traders. Traders can choose to become copy masters, sharing their profitable strategies, or subscribe to follow the trades of experienced traders. Copy Trading offers tight spreads, inviting trading conditions, and automated payouts for copy subscribers. It provides an opportunity for both skilled traders to earn additional income and novice traders to benefit from successful trading strategies.

Deposit Bonus

MTrading offers a generous deposit bonus program, where traders can receive a bonus of up to 200% on their deposits. This bonus increases traders’ trading capital and allows for more efficient trading. Traders can choose from different bonus options, ranging from 25% to 200%, enabling them to customize their bonus based on their trading preferences. The bonus is available for trading immediately after the deposit is made, providing traders with additional margin to explore the markets.

Ramadan Contest

MTrading organizes special contests to engage and reward its clients. The Ramadan Contest, for example, allows traders to showcase their trading skills and compete for attractive prizes. The contest winners receive recognition for their achievements and can enjoy the thrill of success within the trading community.

Importance of Special Promotions for brokers

Promotions and offers act as effective marketing tools to attract new traders to the broker’s platform. The allure of bonuses, rewards, and contests can entice prospective traders to choose MTrading over other brokers.

Special promotions contribute to building strong relationships with existing clients. By offering attractive incentives and rewards, brokers can foster loyalty and encourage traders to continue trading with them for the long term.

In a highly competitive industry, brokers need to differentiate themselves. Special promotions provide a competitive edge, allowing brokers to stand out and capture the attention of traders who are seeking additional benefits and opportunities.

Special promotions often require traders to engage in specific activities, such as depositing funds, participating in contests, or utilizing specific features like copy trading. This promotes active trading, increasing trading volumes and generating revenue for both the broker and the trader.

MTrading understands the significance of special promotions and offers in attracting and retaining traders. Through partnerships, deposit rewards, copy trading, deposit bonuses, and contests like the Ramadan Contest, MTrading provides traders with enticing.

  • Partnerships
  • Deposits
  • Copy Trading
  • Deposit Bonus
  • Ramadan Contest

MTrading Review Conclusion: Reputable Broker with Easy-to-use Platform


The broker prioritizes fund security and offers negative balance protection, protecting clients from excessive losses. Additionally, MTrading operates in compliance with international legislation and regulation standards, providing a level of reliability and transparency.

PIPPENGUIN

In conclusion, MTrading demonstrates a commitment to providing a safe and reliable trading environment for its clients. The broker prioritizes fund security and offers negative balance protection, protecting clients from excessive losses. Additionally, MTrading operates in compliance with international legislation and regulation standards, providing a level of reliability and transparency.

Summary and Key Takeaways


Trading is an established broker with a decade of experience in the industry. With a global presence and offices in regions like Asia-Pacific, South Africa, and Latin America, MTrading has built a strong reputation. The broker has amassed a substantial customer base, with over 260,000 active clients who have expressed satisfaction, as evident from positive reviews on platforms such as Trustpilot.

One of the notable aspects of MTrading is its diverse range of trading account types, including M.Cent, M.Premium, and M.Pro. These account types cater to traders’ varied needs and preferences, offering flexibility in trading options. In terms of tradable assets, MTrading provides access to a wide variety, including currencies, spot metals, cash indices, and cryptocurrencies. This allows traders to diversify their portfolios and explore different markets.

To facilitate trading, MTrading supports the popular MetaTrader 4 platform, known for its robustness and comprehensive features. Traders can benefit from advanced charting tools, technical indicators, automated trading capabilities, and more.

Furthermore, MTrading offers special promotions and incentives to enhance the trading experience for its clients. These include partnerships, deposit rewards, copy trading opportunities, deposit bonuses, and contests. These promotions serve as incentives for traders, providing additional value and potential rewards.

While MTrading provides a live chat feature and an FAQ section for customer support, there is room for improvement in offering additional customer support channels. A more extensive support system, such as phone support or dedicated account managers, would further enhance the overall customer experience.

Overall, MTrading presents itself as a reputable broker with a strong track record, diverse account types, a wide range of tradable assets, and attractive promotional offers. However, improvements in customer support channels would contribute to a more comprehensive and satisfactory client trading experience.

  • Established broker with a strong global presence
  • Variety of trading account types to suit different needs
  • Wide range of tradable assets available
  • Support for popular MetaTrader 4 trading platform
  • Special promotions and incentives to enhance trading experience
  • Room for improvement in customer support channels

FAQs


Is MTrading a legit broker?

Yes, MTrading is a legitimate broker with 10 years of experience in the industry.

What payment methods does MTrading accept?

MTrading accepts payment methods such as Neteller, Visa, and Skrill.

How long does MTrading withdrawal take?

The withdrawal processing time may vary and is typically subject to the chosen payment method and the broker’s internal procedures. It is recommended to refer to MTrading’s website or contact their customer support for specific withdrawal processing times.

Is MTrading regulated?

Unfortunately, the information available does not specify the regulatory status of MTrading. It is advised to review their website or contact their customer support to obtain accurate and up-to-date information regarding their regulatory status.

About Author


cropped-Robert-J-Williams

Robert J. Williams

MBA from the University of Southern California with a significant background in finance. Extensive professional experience with top investment firms such as Balt Investment and Globe Investments, enhancing venture capital portfolios and developing sophisticated investment strategies. Contributing expert at PipPenguin, where he simplifies complex financial topics and online brokers for a broad audience, empowering them with the knowledge to succeed in trading.

6 reviews for MTrading Review 2024: Is MTrading a Legit Broker?

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  1. Mohamed Nik

    I enjoy trading on the MTrading platform. Reasons because;
    – the broker has very good trading account types
    – fast trading execution of trades
    – and my personal favorite, the MT4 platforms on the platform.
    I said platforms because there are multiple MT4 platforms. The MT4 Supreme is an MT4 plugin that enhances the trading experience of the platform. It basically provides traders with extended advantages and tools.

    + PROS: - The broker has copy trading - Very good CFD trading conditions - Mind blowing bonuses on the platform - Their MT4 supreme platform that the broker provides.
    - CONS: - Not a lot of trading instruments on the platform. - No ECN execution
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  2. Jawhar Kazana

    The biggest advantage of the Mtrading broker – contemporary platform. I mean, overall, you know, not just Metatrader, but the website too. color scheme, sections’ divisions.

    + PROS: Custom MT4 is a highlight, definitely. Plus I would add brilliant account types division, great balance
    - CONS: As for cons... hm, I'd say, even despite the supreme MT4, some alternatives are needed
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  3. Akash Bala

    You know, I’m happy with my broker.
    Here I got perfect combination of conditions and tools.
    This means that I can use effective tools in favorable conditions.

    + PROS: Maybe someone will disagree with me, but I really like MT4 trading platform that this broker provides It fits perfectly with trading conditions and allows me to apply many of my trading ideas.
    - CONS: Even if I spend time looking for some disadvantages, I'm sure I won't be able to find them.
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  4. Jo Lun

    As per my experience it is a broker that can be described with the word “normal”. I would not say it is the best option out there, but sufficient for good trading experience. Overall , its conditions are fine , but at the same time they do not stand out that much to grade them highly.

    + PROS: -Quite a diverse stack of trading instruments -Professional cross-platform MTrading plugin for MT4 -not high limit on minimum deposit
    - CONS: -spreads on some assets are high -not so diverse educational part
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  5. harnam

    Company background
    MTrading, which was established back in 2013, is an online broker that allows trading currency pairs, precious metals, stocks, indices, cryptos and fossil fuels. The company is committed to ensuring that customers get the best trading experience in every type of financial market. MTrading operates in key cities in Asia-Pacific and the emerging markets of Africa and South America.
    Broker gives its clients simple, easy access to every type of financial market through state-of-the-art software, supporting them with valuable information, competitive terms, numerous payment systems, a lively community and responsive service.

    + PROS: Very good service
    - CONS: Money protection
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  6. Balvinder

    There are four trading platforms available: MT4, MT4 Supreme, WebTrader, and MT4 MultiTerminal, which can be installed on any device. The flexibility is amazing.
    Everything looks modern on the platform and you immediately understand where to click. Many technical tools are available for analysis. But sometimes there are lags and it’s a little frustrating, but it’s not critical since I trade intraday.

    + PROS: Happy to service
    - CONS: Fund security provide
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    MTrading Review 2024: Is MTrading a Legit Broker?
    MTrading Review 2024: Is MTrading a Legit Broker?
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